Items Appear on the Income Statement in Which Order

question 3

Multiple Choice

Items appear on the income statement in which order?

• A)Discontinued operations, extraordinary gains and losses, and income from continuing operations
• B)Income from continuing operations, discontinued operations, and extraordinary gains and losses
• C)Extraordinary gains and losses, change in accounting principle, and discontinued operations
• D)Discontinued operations, extraordinary gains and losses, and income from continuing operations.

---

Definitions:

Successes And Failures

Refers to the outcomes of actions, initiatives, or projects, indicating whether objectives were met (success) or not (failure).

Trait Approach

A theory in psychology that attributes personality and behavior to consistent patterns of inherent traits or characteristics within an individual.

Leadership

The process of guiding and influencing the behavior and work of others towards the achievement of specified goals in a given situation.

Right Stuff

The essential qualities or attributes required for a particular task or to excel in a specific field.